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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 21:00 UTC+0.0340%/8h= +37.2% APRnext payment +$0.43 per $10,000 · paid last 24h +0.079%
Price spread now: Coinbase International against Derive+0.188%7-day average +0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.188%, 7d avg +0.190%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.190%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ZEC-PERP1,452.50.0100pay 0.0013% / 1h53m 01s$442K$493K6.7x
ShortCoinbase International ZEC-PERP-INTX1,455.20.0440get 0.0055% / 1h53m 01s$3.7M$11.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$71.4
Price spread: +0.188% → +0.190%
−$0.19
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$55.21
Costs to cover
0.160%
Break-even
1.6 days
Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell Coinbase International live order book, 1 min ago1.62 bp14.4 bp −$1415.9 bp −$15952.3 bp −$5,225doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3476%1h1,437.6−1.024%$33K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.1−0.096%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,453.2+0.048%$17.6M$44.7M25xas long as short
BloFin ZEC-USDT−0.0067%8h1,453.9+0.096%$29.0M$75.8M75xas long as short
Variational Omni ZEC−0.0034%8h1,451.4−0.076%$45.5M$32.3M—as long as short
Bybit ZECUSDT−0.0014%8h1,453.8+0.093%$269.3M$677.3M75xas long as short
dYdX ZEC-USD0.0000%1h1,453.6+0.076%$409K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,453.3+0.058%$850K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,453.5+0.069%$82K$400K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,454.6+0.142%$566K$1.3M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0007%8h1,453.7+0.086%$291K$1.5M20xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,454.2+0.121%$5.1M—150xas long as short
OKX ZEC-USDT-SWAP+0.0035%8h1,455+0.173%$172.2M$1.37B50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0040% / S +0.0062%1h1,454+0.101%$536K—100xas long as short
Aster ZECUSDT+0.0054%8h1,453.8+0.093%$15.1M$35.3M75xas long as short
Gate ZEC_USDT+0.0063%8h1,454.1+0.112%$49.3M$185.1M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,453.8+0.087%$17K$886K10xas long as short
MEXC ZEC_USDT+0.0095%8h1,454.9+0.164%$219.5M$879.8M150xas long as short
Popdex ZECUSDT+0.0096%1h1,453.6+0.076%$177K$2.0M50xas long as short
Binance ZECUSDT+0.0097%8h1,454.4+0.130%$659.7M$2.55B75xas long as short
Ondo Perps ZEC-USD.P+0.0098%1h1,449.8−0.185%$393K$522K5xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,453.9+0.100%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,454+0.105%$3.0M$6.9M10xas long as short
Hyperliquid ZEC+0.0100%1h1,454.8+0.159%$752.3M$492.6M10xas long as short
Pacifica ZEC+0.0100%1h1,453.7+0.084%$1.6M$3.1M10xas long as short
Bulk ZEC-USD+0.0100%1h1,454.9+0.165%$896K$37K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,455.2+0.185%$103.8M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,454.8+0.162%$162.2M$317.0M75xas long as short
BingX ZEC-USDT+0.0100%8h1,454.3+0.125%—$106.9M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,454.8+0.159%$2.3M$4.2M15xas long as short
edgeX ZECUSDC+0.0100%4h1,453.8+0.091%$488K$9.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.9+0.030%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,450.5−0.136%$705K$604K50xas long as short
StandX ZEC-USD+0.0100%1h1,451−0.102%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,453.5+0.070%$298K$2.1M10xas long as short
Bullet ZEC-USD+0.0100%1h1,454+0.104%$127K$161K20xas long as short
Derive ZEC-PERPlong+0.0100%1h1,452.5long leg$442K$493K6.7x
SunX ZEC-USDT+0.0100%8h1,456.7+0.286%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,453.4+0.065%$220K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,453+0.035%$2.4M$25.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,453.5+0.066%$3.7M$5.5M50xas long as short
Phoenix ZEC+0.0103%1h1,452.3−0.016%$4.6M$1.6M10xas long as short
01 Exchange ZECUSD+0.0104%1h1,454+0.101%$8K$8K5xas long as short
Aevo ZEC-PERP+0.0104%1h1,453.5+0.072%$36K$362K20xas long as short
Lighter ZEC+0.0120%1h1,455.3+0.191%$18.8M$53.6M20xas long as short
RISEx ZEC/USDC+0.0219%1h1,454.6+0.144%$863K$2.5M10xas long as short
Extended ZEC-USD+0.0352%1h1,454.8+0.162%$3.3M$7.0M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0440%1h1,455.2+0.188%$3.7M$11.6M50x
Aftermath Perps ZECUSD+0.0464%1h1,454.1+0.110%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,456+0.241%$754K$7.8M10xas long as short
Lighter RH ZEC+0.0664%1h1,455.5+0.205%$1.9M$8.4M10xas long as short